British Steel Faces Blast Furnace Closures

Via Metal Miner   Steel Industry leader British Steel is set to start consultations on permanently blowing down the operating blast furnaces at Scunthorpe. The move comes after the company failed to reach an agreement with the UK government on financial aid for conversion to green steelmaking. “Since 2020, the shareholder of British Steel, Jingye, has invested more than £1.2 billion [$1.55 billion] to maintain operations amid ongoing production instability and significant financial losses of around £700,000 [$906,400] a day,”…